Prospecting for gold is the exploration of new gold or gold deposits. The method and resources used by the prospector will depend on what type of deposit the prospector is seeking to find. This endeavor is mainly done commercially however; in a few developed countries prospecting for placer gold has become a popular recreational activity. If you were in search for gold nuggets the best places to look would be places where gold nuggets have been found before. A number if people prefer to pan for gold by bridges where gold bearing streams flow under them. Others hunt for gold in the wild … [Read more...]
Looking Through the Numismatic Glass
August 21, 2012 by
David Bowers, of PCGS, wrote a column “The Joy of Collecting,” published in Coin World on April 2, 2012. In it he said, “The year 2012 marks the sesquicentennial of the greatest monetary disruption in American History.” While the North and South were forced into the most dangerous dispute the nation has ever seen, a variety of coins, currency, tokens and also postage stamps were employed to carry on the commerce. The second part of this article talks about the tokens that were struck by a variety of sources to allow daily transactions possible. Plantations and agriculture in the … [Read more...]
IRA’s and Gold
August 17, 2012 by
When there is an increase in the price of gold more people begin taking an interest in purchasing it. Large institutional buyers have bought gold for years and the general public only recently started investing in gold, and they only make up a small percent of buyers. If you decided to make an investment in gold you would have the option of choosing paper gold or physical gold. One aspect of physical gold that most investors are not aware of is that it can be bought and held in an IRA (Individual Retirement Account). If you currently have an IRA or 401K that can be rolled over you … [Read more...]
Housing Market and Consumer Confidence
August 17, 2012 by
The Case –Shiller index shows that property values on homes are continuing to decrease. Since 2003 homes have hit the lowest value we have seen in 20 major cities and there are a lot of homes in the process of foreclosing which will hit the market soon. It may take years before we come out of this housing crisis. Along with the foreclosure problem, we are also facing an increase in unemployment. Currently unemployment is at 8.3%. It is a lot harder to take out a loan due to stricter guidelines creating a decrease in the amount of homes being purchased. These issues are causing … [Read more...]
Is Gold Truly the Choice for Store of Value?
August 17, 2012 by
Gold has been around for more than 5,000 years and has been cherished by many. Individuals, civilizations, and royalty have found a love for gold due to its inherent value and its pristine beauty. Throughout the years many countries have used gold for trading purposes as well as for legal tender. Gold is prominent in jewelry, industry and used often artistically. Gold has and probably always will be a store of value. Look at the US Liberty gold coins as an example, minted as late as 1907 at $20 for almost an ounce of gold and that coin today is worth more than $1,600 on the low … [Read more...]
How Do I Buy Gold Coins?
August 17, 2012 by
Every first big purchase is a scary one, buying your first home, your first car etc. The same emotions surface around buying gold for the first time. The initial thing you want to do when buying gold for the first time is get educated around it, just like you would do when buying a home or car. This makes the process a little easier and smoother. You will want to know what coins are available and how they will best fit your portfolio. Once you understand the coins and have an idea of your goals and objectives, buying gold becomes an easy process. Let me help familiarize you with … [Read more...]
American Gold Eagle
August 17, 2012 by
History behind the Gold American Eagle Coins have been minted in the United States for hundreds of years, and from 1795 to 1933 gold coins were struck and used as money on a daily basis. Gold coins were limited in their quantity; they came in several different series and designs, they vary from as low as $1 dollar all the way up to $20 (face value). President Roosevelt held a confiscation in 1933 and recalled all gold coins from public circulation. Once these coins were collected the Treasury Department melted them. Fort Knox Kentucky holds a huge amount of 400-ounce gold bricks … [Read more...]
Will The Federal Government Face the Same Cash Crisis as California?
August 16, 2012 by
A recent letter from State Controller John Chiang stated that lawmakers in California were stunned when they came to find out recently that tax collections were not moving at the same rate as existing budget amounts, which could possibly cause the state to go broke sometime in the near future. Chiang said, “state receipts were $2.6 billion lower than forecast through December 31st, while expenditures were the same amount or higher.” This is pushing many Californians to seek out the best place to buy silver coins, out of fear for their assets. It brings back memories of the 2009 … [Read more...]
The Majority of Americans Choose Gold
August 16, 2012 by
The latest CNBC All-American Economic Survey shows investors to believe that gold is the “best investment,” better than real estate or stocks. There is a lot of liking towards the shiny yellow metal. Seemingly there are no limits to this metal, from geographic regions, income levels and political parties. According to pollster Jay Campbell of Hart Research who ran the poll survey for CNBC “Gold has taken over perceptions across the public as being a good investment. If not first, gold comes in as a very close second among investors.” The poll indicates that gold is the “best … [Read more...]
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